Amid intense pressure from investors, Uber CEO Travis Kalanick has resigned, as first reported by The New York Times. Benchmark, First Round Capital and Menlo Ventures were reportedly among a group of backers actively pushing for a leadership change following months of turmoil. Kalanick had announced last week that he was taking an indefinite leave of absence after a months-long investigation into the company's culture, stemming from allegations of unchecked sexual harassment, bullying and discrimination. He will remain on the company's board.
“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement.